Global Glass and Ceramics Market is Expanding with Industry Leader SCHOTT AG Expands its Production Capacity with Inauguration of new Melting Tank with Capacity of 10,000 tons

 

Glass and Ceramics market

Glass and ceramics have been used for hundreds of years. Ceramics have found applications in everything from cookware to furniture. The early Romans built their houses and monuments from mosaic tiles made from fire-polished clay. Glass and ceramics may be broken down into three basic categories, each with its own characteristics. Both solid and semi-transparent glass and ceramics may be used for decorative purposes; glazing and sealing may be applied to create structures and for utilitarian applications. Furthermore, both amorphous and transparent glass and ceramics may be employed to create the light diffraction effects that give some products their colorful sparkle.

Increasing demand from the construction and infrastructure industry is expected to drive growth of the global glass ceramics market. The construction and infrastructure sector has witnessed massive growth in both developed and emerging economies, which in turn, has increased the demand for glass and ceramic products. According to the India Brand Equity Foundation (IBEF), India is expected to become the world’s third-largest construction market by 2022. According to the same source, India plans to spend around US$ 1.4 trillion on infrastructure projects through the National Infrastructure Pipeline (NIP) from 2019 to 2023. Ceramic products are used in interior and exterior tiles, sewer, sanitary ware, non-refractory bricks, and chimney pipes. Besides, glass products are used for doors, windows, balconies, glazing materials, glass curtains, cladding materials, and more. Hence, such factors are expected to drive growth of the global glass ceramics market. Furthermore, rising usage in aerospace applications is expected to boost the global glass and ceramics market growth in the near future.

However, high cost of energy due to high heating requirements in the ceramic manufacturing process is expected to hamper the global glass and ceramics market growth in the near future. Among regions, Asia Pacific is expected to witness significant growth in the global glass and ceramics market. This is owing to increasing demand for glass and ceramic products in novel household appliances and construction products. Furthermore, Europe is expected to register a robust growth rate, owing to rapid urbanization and increasing construction projects. 

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